7X the trade, transport and logistics investment and holding group, signed a memorandum of understanding (MoU) with Etihad Credit Bureau, the data technology federal entity that simplifies information to reveal powerful insights, to access the latter’s advanced credit data platform for assessing the credit security and stability of businesses dealing with 7X and its subsidiaries. The collaboration seamlessly aligns with the group’s commitment to integrate with the UAE government’s robust service infrastructure, while adhering to best practices.
The collaboration will further enable 7X and its subsidiaries to evaluate the credit standing of potential business partners, ensuring their credit reliability. This capability will enable the group to maintain its operations in line with the highest standards.
The agreement was signed by H.E. Abdulla Mohammed Alashram, Group CEO of 7X, and H.E. Marwan Ahmad Lutfi, Director General of Etihad Credit Bureau, during a signing ceremony held at 7X headquarters, in the presence of senior management representatives from both organisations.
H.E. Abdulla Mohammed Alashram said: “We are pleased to announce this strategic partnership with Etihad Credit Bureau, reflecting our commitment to integrating seamlessly with government services to enhance operational efficiency and strengthen our position in trade, transport, and logistics. This partnership marks an important milestone in our digital transformation journey, reaffirming our dedication to innovation and excellence. At 7X, we value the role of meaningful collaborations with public and private entities, and we look forward to working closely with Etihad Credit Bureau to unlock new opportunities for success and further elevate the UAE’s position on the global stage.”
H.E. Marwan Ahmad Lutfi said: “We are pleased to partner with 7X, in line with our vision to provide government entities with crucial credit information, to strengthen their credit, collection, and auditing policies and frameworks. By facilitating seamless digital integration, we aim to simplify access to credit information, further enabling organisations to make well-informed and strategic financial decisions.”
The agreement reflects both entities’ shared goal of advancing the UAE leadership’s forward-thinking vision, thereby enhancing cooperation between public and private sectors. Moreover, it seeks to foster a robust relationship between both entities by leveraging a comprehensive network of innovative solutions. This is key to fostering a highly competitive and supportive business ecosystem driving prosperity and growth.
About “7X”:
7X, the new brand identity of Emirates Post Group Company, is a Public Joint Stock Company under the Emirates Investment Authority. Headquartered in Dubai, UAE, 7X operates as a holding and investment group, overseeing and managing its diverse portfolio including Emirates Post, EMX, FINTX, and EDC.
7X supports the UAE’s socio-economic development by integrating national goals across logistics, eCommerce, financial inclusion, and digitalization. It is the driving force enabling a world in motion from the 7 emirates to the 7 continents, and across the 7 seas.
About “Al Etihad Credit Bureau”:
Al Etihad Credit Bureau” is a federal entity wholly owned by the federal government of the United Arab Emirates. It has been established as per the Federal Law No. (6) of 2010 regarding credit information and its amendment by the Federal Decree Law No. 8 of 2020. Under this law and its amendments, the company shall be responsible for requesting and organizing the process of collection, preservation, analysis, classification, use and publication of credit information. After that, this information shall be produced into a variety of credit-related products within a fully digital process.
